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Dana and Larry are married and live in Texas. Dana earns a salary of $45,000 and Larry has $25,000 of rental income from his separate property. If Dana and Larry file separate tax returns, what amount of income must Larry report? a. $22,500 O b. $47,500 (-) d. $25,000 e. None of these choices are correct.
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Answer #1

Correct option is: e. None of these choices are correct

As Texas is a community property state where total income of spouse is added first and distributed equally for the purpose of filling tax returns if filled separately i. e [($45000 + $25000) / 2= $35000]

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